Capital Gold Group Report: US gold up despite dollar rise; sentiment strong

Share
Fri Nov 20, 2009 3:35pm EST 

  NEW YORK, Nov 20 (Reuters) - U.S. gold futures ended higherfor a sixth straight session  on Friday despite a dollar rise,and a late session rally in the face of a stronger dollar couldboost sentiment early next week, traders said.
 For the latest detailed report, click on [GOL/].
 GOLD
  * COMEX December gold GCZ9 settles up $4.90 at $1,146.80an ounce on the NYMEX.
 * Range spanned from $1,132.50 to $1,148.50. It hit arecord $1,153.40 set on Wednesday.
 * After Friday's settlement, December hit a high$1,150.50.
 * Gold initially pressured as the dollar rose for a secondstraight session as investors cut risk exposure. [USD/]
 * Technical buying and short covering started late sessionrally - Frank McGhee at Integrated Brokerage Services.
 * Strong buying may boost prices early next week - McGhee.
 * Gold ended higher than a week earlier for a thirdstraight session.
 * Gold's ability to stem losses despite weaker equities andoil prices drop signal strong buying interest - traders.
 * December $1,200 call strike options set to expireworthless on Monday, despite strong open interest - optiontraders.
 * Gold-to-oil ratio at 14.93, up from the previoussession's 14.74.
 * COMEX estimated final volume at 192,162 lots.
 * Spot gold XAU= at $1,149.45 an ounce at 3:25 p.m. EST(2025 GMT), compared with $1,143.50 late in the previoussession in New York.
 * London's afternoon gold fix XAUFIX= at $1,140 anounce.

 SILVER
 * December silver SIZ9 ends down 1.5 cent at $18.440 anounce, tracking gold's weakness.
 * Ranged from $18.035 to $18.595.
 * COMEX estimated final volume at 51,595 lots.
 * Spot silver XAG= was at $18.46 against $18.51 in theprevious session in New York.
 * London silver fix XAGFIX= at $18.18.
 PLATINUM
 * January platinum PLF0 finishes down $2 at $1,441.90 anounce on broad-based commodities weakness amid a strongdollar.
 * Spot platinum XPT= $1,442.50 an ounce.
 PALLADIUM
 * December palladium PAZ9 closes down $5.55, or 1.5percent, at $364.35 an ounce on platinum's weakness.
 * Spot palladium XPD= $361 an ounce.









Capital Gold Group, gold group, gold, gold prices, gold news, gold coins, gold bullion, gold IRA, IRA gold
Share
This entry was posted in Capital Gold Group Gold News and tagged , , , , , , , , . Bookmark the permalink.

Comments are closed.